Dubai Knowledge Park Business Setup | DKP Company Formation
Dubai Knowledge Park (DKP) free zone caters to the development and management of human resources and the promotion of the country as a knowledge-based economy. It is also popularly known as Dubai
Knowledge Village. Dubai Knowledge Park was established in 2003 as a part of the TECOM group. It offers programs in multiple fields such as Consultancy, Human Resource Management, Training, and Personal Development.
Types of company licenses at Dubai Knowledge Park Free Zone Limited Liability Company It is a whollyowned company or an independent legal entity where at least one director is required.
Branch office of a UAE Company It does not get a separate legal entity and conducts operations of the parent company’s business.
Branch office of a Foreign Company
Freelance Permit
With no minimum share capital prerequisites, it is 51% locally owned.
This gives an individual the liberty to operate as a freelance professional.
Benefits of Dubai Knowledge Village Business Setup 01
100% foreign ownership permitted.
02
100% repatriation of profits.
03
100% repatriation of capital.
Benefits of Dubai Knowledge Village Business Setup 04
No personal income tax
05
No corporate tax.
06
Presence of all the global, regional, and local industry players.
Benefits of Dubai Knowledge Village Business Setup 07
Well-built and good infrastructure.
08
Business-friendly legal framework.
09
Well-equipped conference and meeting areas.
Dubai Knowledge Park is suitable for
Vocational training setup
Educational institutes Human resource consultancies Management start-ups
Freelancers
Permitted Business Activities The various business activities that are permitted in the DKP are • • • • • • • • • • • • •
Professional and Management Development Training Computer Training Language Training Fine Arts Training Child Skills Development Training Tutoring Services Technical & Occupations Skills Human Resources Consultancy Research & Development, Content Development, Assessment and Testing Executive Search Freelancers and Association (Non-Profit)
Various products offered by Dubai Knowledge Village:
Commercial Offices
It includes an office or floor spaces that are available in the shell and core state. Some of the premier clients in these commercial spaces are City and Guilds, Hays, Monitor Group, etc.
Business Centre
Be it hot desks or fully furnished offices, which are ready to use, Dubai Knowledge Park has it all.
Retail These spaces are perfectly suitable for companies that offer support services like pharmacy, restaurants, vending machines, etc. Some of the current retail partners are KFC, Starbucks, etc.
Kiosks
These are the small retail outlets that can be used as coffee bars etc.
Dubai Knowledge Village Company Formation Process Steps involved in business setup at Dubai Knowledge Park
Submission of application
Submission of documents and the necessary payment
Signature and Collection
Documentation requirements for Dubai Knowledge Park Company Registration
License Application
Registration Application
Business Plan of the proposed company
A copy of the Valid passport and visa copies Certificate of of managers and directors of Incorporation the proposed company and the legal representatives
Individual Shareholder requires the following documents for company formation at Dubai Knowledge Park
• Application for Registration • Personal KYC
• Board Resolution concerning the establishment of the company • Bank letter providing confirmation of the deposit of the share capital • Other documentation such as application forms and specimen signatures
Corporate Shareholder requires the following documents for company formation at DKP
•
Application for Registration
•
Corporate KYC duly attested from the UAE Embassy
•
Board Resolution as to the establishment of the entity
•
Parent company documents such as Certificate of Incorporation, Memorandum of Association, and Articles of Association
Branch office requires the following documents for company formation at Dubai Knowledge Park • Application for registration • A Board Resolution as to the establishment of a branch
• Corporate Documents of the Parent Company which are Certificate of Incorporation, Memorandum of Association, and Articles of Association
• Business Plan • A Letter from the parent company for the appointment of Manager • Company profile
Branch office requires the following documents for company formation at Dubai Knowledge Park There are other documents that are required to be signed to complete the formation process, these are 1. Office Lease 2. Articles of Association 3. Memorandum of Association
4. License 5. Certificate of Incorporation
Featured partners in the Dubai Knowledge Park Some of the featured partners in the Dubai Knowledge Park are •
CIPD
• Innovative HR Solutions
• City and Guilds (MESA) • International Centre for Culinary Arts • Society for Human Resource Management
Frequently Asked Questions Is there access to UAE Double Taxation Treaties in DKP? Yes, there is access to Double Taxation Treaties. Does Dubai Knowledge Park allow the import and export of goods?
Yes, it is allowed. What are some of the prominent companies at Dubai Knowledge Park? Some of the prominent companies in the free zone are the Institute of Chartered
Accountants of India
Management Accountants.
and the Institute of
Frequently Asked Questions Are accommodation facilities available in Dubai Knowledge Village (DKV)? Yes, accommodation facilities are available in close proximity.
Is a warehousing facility available at DKP? No, it is not available.
N R Doshi & Partners We are a leading firm in Dubai, looking out for our clients at every step of their business setup. We provide complete assistance at affordable prices.
We guide our clients through the company formation process and help in the preparation and submission of all documents. We help you get the license and are there until the setup is complete. A clientele base of 2,500+ and a partnership with 11+ companies is a testimony to the fact that we are great in what we do. We ensure our client’s satisfaction and therefore are able to maintain a dominant presence in UAE for company formation services.
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